A recent analysis by the Post reveals a significant surge in government subsidies in 2023 for prominent Chinese chip manufacturers such as Huawei, SMIC, and Naura Technology. This move appears to be a strategic response to US sanctions, marking another chapter in the ongoing tech war between these global powers.

Despite a slight 4% uptick in its revenue, reaching $33.5 billion, Alibaba's second-quarter performance fell short of predictions. The e-commerce behemoth is grappling with a 29% slump in profits, which now sit at $3.3 billion, as it intensifies efforts to bolster its e-commerce and cloud services sectors.

In an attempt to boost its economy, China is hastening significant projects involving international corporations such as Lego and Moderna. This move comes amidst an alarming continuation of the drain of foreign direct investment.

After implementing a trade-in programme and reducing prices, JD.com, the e-commerce behemoth, witnessed a staggering 92% increase in their revenue for the second quarter. This massive surge is a testament to the escalating growth of online retail in China.

Producing nearly 50% of the world's antimony ore last year, China is set to regulate its exports starting next month.

Lenovo has seen a substantial 65% surge in net income during the June quarter, attributed to robust growth in 'intelligent devices'. This impressive 20% year-on-year revenue increase signifies a strong revival in the PC market, which had been languishing due to low demand for the previous two years.

In a groundbreaking collaboration, the Hong Kong Monetary Authority and Cyberport have launched a GenAI sandbox. This innovative platform provides a structured environment complete with computing resources and regulatory guidance. It's specifically designed to assist banks in the city to develop and trial their cutting-edge GenAI applications.

Mercedes-Benz, the renowned German automobile manufacturer, has embarked on an exciting collaboration with ByteDance's cloud division. This venture aims to delve into the realms of expansive language models, generative artificial intelligence, and the world of big data, presenting promising advancements for in-car systems.

The UK's growing hunger for yuan debt has led to an oversubscription of China's 'dim sum' bonds, amounting to US$1.3 billion. This bodes well for the finance ministry, which has outlined its intention to auction six tranches of bonds in Hong Kong this year, aiming to generate a staggering 55 billion yuan.

Tencent delighted the market with an impressive 82% profit surge, surpassing predictions due to robust growth in video gaming and advertising sectors. The company's earnings soared to a whopping $6.6 billion in Q2, with revenues also on the rise at $22.5 billion, marking an 8% increase.

Google's groundbreaking Pixel 9 smartphones are here, boasting cutting-edge AI features that integrate real-life utility. These smart devices can leverage AI to perform tasks such as note-taking during calls and information mining from screenshots. The innovative use of AI in these phones has left tech industry experts in awe during their debut in sunny California.

Zeekr, a division of Geely, has revealed an ultra-fast-charging EV battery, marking the latest development in China's electrification competition. Starting from Wednesday, Zeekr will begin distributing its revamped 007 sedan equipped with this cutting-edge battery technology, according to a statement from the high-end EV manufacturer.